A word of Advice to SWAT Miners Mining with Multiple Devices: With Rising interest in Mining SWAT as seen among our Indonesian investors yesterday and Since several SWAT investors are already mining with multiple devices now, the need for this post and is addressed specifically to those who are mining with multiple devices. Today the mining rate is 7488 SWAT per day (24 hours) and the price is approximately 0.000174 USD.. So if you take the value of mined SWAT 7488 x 0.000174 = 1.30 USD.. Last week when the price of ETH was at 340 to 350 USD the amount of SWAT mined per day was at 5200 SWAT per day But at that time the price of SWAT was between 0.0002 to 0.00027 So 5200 x 0.00025 = 1.3 USD.. But if you had not sold the ETH and converted to USD last week and kept it as ETH and continued into this week.. Today the 5200 SWAT which you mined per day last week x 0.00017 USD Price, will give you only 0.88 USD average for the SWAT mined through last week.. And from that if you deduct the transfer fees and exchange rate loss in converting FAT to ETH you might have arrived at an average value of 0.7 for last week. The system will keep adjusting the mined SWAT to exactly give a return of between 1 USD to 1.5 USD and mostly around 1.3 USD per day.  Suppose the reverse had happened.. Last week if the price of ETH had been 250 USD.. And let us say you were mining 8500 SWAT per day.. and you had not sold the ETH.. and if today if ETH prices are at 350 You would have got more that 2 USD average for your SWAT mined last week... Through out the last month the price of ETH was increasing. So miners would have got more than 2 USD average price for the SWAT mined. So the System will always be correct and keep adjusting mined values to give constant returns. The return what you get will be always based on how you sell and exchange your FAT for ETH and ETH for USD.. Also now many traders are trying to do arbitrage between SWATX, EtherFlyer and FatBTC.. Investors and miners should be careful of that.. So many will put a buy order for 0.00013 to 0.00015 on SWATX.. And if you sell to them in a hurry without checking the exact price you are getting, they will buy the SWAT from you at this low price and will sell it on FatBTC for 0.000175 and make profit from the difference in price. So it is better not to sell in a hurry and check the difference in buy and sell prices in these three exchanges and then sell at correct price. So sometimes it is better to put a sell order and wait for the order to go through than selling to buy orders. The system when it is slow, some times when the mining screen shows bigger value than the minting value since the minting has been held up for 2 or 3 hours, will do multiple transfers in a short period of time to clear the backlog. So at times it may look like it has missed a transfer. But it will not.. If the mining rate for today is 7488 and if you mine correctly 24 hours without any interruption in your internet connection then you will surely get the 7488 SWAT credited to your Wallet in 24 hours.. If the internet connection is lost for 1 hour the mining screen may look like it is mining but that one hour mining value will be lost because the Mining Device has not been able to connect to the server for 1 hour.. In the next few months when there are many buy orders and additionally from July 11th we are also going to be on a new Exchange Coinlim this arbitraging differences between different exchanges will slowly disappear. As volumes go up you will steadily get an average of 1.3 USD per day. But if you hold all the ETH in your wallet and suddenly ETH value drops from around 300 USD today to 200 USD in the next couple of days then the exchange loss will be 33% So the next week you might think you have got only 0.66 USD per day as an average. But that is not true.
So if you want to protect against the risk of dropping ETH prices you have to maintain your reserves as USD in a trusted exchange which has got USD as a Trading pair. Let us assume you have 3 ETH at the end of this Week from mining operations it is better for you to convert the 3 ETH to 900 USD and store it as USD.. That way if ETH falls next week you will not have any problem. This process is called as "Hedging" in the world of big time Finance Managers! I am glad our SWAT miners are slowly getting to that level!